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Who is Primor Secured Visa Classic Card Designed For?

Primor Secured Visa Classic Card is designed for people with bad or no credit who want a secured card to improve their credit score. The main attractions of this card are that it accepts everyone who has the cash to make a deposit and credit lines go from $200 to $5,000. The card is issued by the Green Dot Bank. Applying is fast and easy. Just choose your credit line and open a personal deposit savings card to secure your line.

What are the Rates for Primor Secured Visa Classic Card?

The Primor Secured Visa Classic Card has a 13.99% APR on purchases and an 18.99% APR on cash advances. There is no penalty rate. These rates are not bad for a card that practically everyone will qualify for. However, remember this is a secured card, which means your line of credit is equal to your security deposit. So you are effectively paying for borrowing money from yourself.

What Are the Fees for Primor Secured Visa Classic Card?

Primor Secured Visa Classic Card credit card has a $39 annual fee that is not waived the first year. This is a relatively expensive annual fee for a secured card with no rewards program and little in the way of perks. There is a 3% foreign transaction fee, a $5 or 5%, whichever is higher, fee on cash advances and a $29 penalty fee for either late payments or returned payments.

The Gold version of this card has a lower rate of 9.99% APR but a higher annual fee of $49.

What Is Primor Secured Visa Classic Card's Rewards Program Like?

The Primor Secured Visa Classic Card doesn't have a rewards program. The purpose of this card is to provide people with the convenience of a Visa card and help them improve their credit so that, among other things, they can qualify for a card with a decent rewards program.

What about Primor Secured Visa Classic Card's Signup Bonus?

Primor Secured Visa Classic Card does not have a signup bonus.

Does Primor Secured Visa Classic Card Have Any Other Benefits?

Not really. The Primor Secured Visa Classic Card is as stark on benefits and rewards as credit cards get. However, it does allow members to earn interest on their security deposit, a 0.15% APY, something few secured credit cards offer. It also has the advantage of a fast and easy application form and no processing or application fees.

How Is Primor Secured Visa Classic Card Better Than Other Credit Cards?

Primor Secured Visa Classic Card is a useful tool for people looking to build their credit and has extremely flexible eligibility requirements.

People with a monthly income of just $100 above their monthly expenses have guaranteed approval.

Fixed 13.99% interest rate on purchases and no penalty rate.

No minimum credit score.

The rates are relatively low, you can earn interest on your security deposit and there are no application fees.

Credit lines range from $200 to $5,000.

Credit Score Range

300 - 800

Employment Statuses Considered

Employed Full-Time

Employed Part-Time

Other

Retired

Self-Employed

Unemployed

Immigration Status Considered

U.S. Citizen

U.S. Permanent Resident

Military Status

Active Duty Military

Military Dependent

Non-Military

Veterans

Minimum Age

18

Supported Income Types

1099 Misc. Income

Cash / Other

Direct Deposit (W2, SSA, SSDI)

Payroll Check or Prepaid Card

Customer Type

Personal

Annual Fee

$39

Grace Period / Deferred Interest

25

Late Payment Penalty

$29

Minimum Interest Charge

$1

Returned Payment Fee

$29

Foreign Currency Transaction Fee

3%

Card Type

Secured

Card Network

Visa

Credit Limit

$200 - $5000

Purchases APR (variable)

Starting at 13.99%

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